Monthly Archives: October 2015

Oxford/Temasek JV buys £415m Blue Fin with HSBC financing lined up

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Oxford Properties and Singapore’s Temasek has signed an agreement to buy the 497,021 sq ft Blue Fin Building on London’s South Bank from a subsidiary of Time Inc. for £415m, with senior finance lined from HSBC. The joint venture deal … Continue reading

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Tim Knowles fronts Brunel Shopping Centre loan purchase with Deutsche Bank arranged financing

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Tim Knowles’ FI Real Estate Management (FIREM) has fronted the acquisition of the defaulted Brunel Shopping Centre loan, secured by the 550,692 sq ft centre in Swindon, for £68m, financed with three-year £68.0m secured unrated corporate bond arranged by Deutsche … Continue reading

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Cerberus refinances three German retail assets from Project Phoenix with €63m PBB loan

Cerberus Capital Management has refinanced three retail properties in Germany acquired three years ago from Wells Fargo with a €63m senior loan from Deutsche Pfandbriefbank (PBB), the recently re-privatised German bank said in a statement. Cerberus acquired the value-add retail-led … Continue reading

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Cerberus beats Apollo to win Project Arrow for around €800m

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Cerberus Capital Management has won the last major NAMA non-performing loan portfolio of the year, Project Arrow, believed to be paying around €800m for the pool of Irish real estate loans. NAMA confirmed Cerberus’ selection as the preferred bidder today … Continue reading

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Bank of England confirms support for UK CRE loan database

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The Bank of England confirmed last night that it will work in partnership with the UK real estate finance industry to build a commercial property loan database, the Real Estate Finance Group’s (REFG) centrepiece proposal to improve the resilience of … Continue reading

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Lone Star completes £2.3bn Project Churchill win in largest NPL deal of the year

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Lone Star yesterday completed the £2.3bn acquisition of Aviva’s final major UK loan portfolio sale, Project Churchill, in the largest NPL trade in Europe this year. JPMorgan, which backed Oaktree in the first round and Apollo in the second round, … Continue reading

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FMS WM readies €230m German Project Samba loan portfolio

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FMS Wertmanagement has launched the sale of its second sub and non-performing loan portfolio, Project Samba, a granular German multi-family and apartments-dominated two-tranche loan portfolio with an aggregate outstanding balance of €230m. PwC European Portfolio Advisory Group in Frankfurt is … Continue reading

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Brookfield to syndicate equity in €1.3bn Potsdamer Platz deal to sovereign wealth funds

Savills Fund Management, the asset manager of the former SEB Asset Management (SEBAM) platform, has sold Berlin’s Potsdamer Platz square, one of Germany’s major post-Cold War urban redevelopments, to Brookfield Property Partners for €1.3bn and will syndicate part of the … Continue reading

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Davidson Kempner wins Bank of Ireland’s National portfolio for in excess of €170m

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Davidson Kempner has this morning exchanged on the acquisition of the five-strong portfolio of Irish regional retail parks portfolio, dubbed the National portfolio, from Bank of Ireland for in excess of €170m. Oaktree Capital Management was the closest underbidder. Tristan … Continue reading

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